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Nine Mile Metals Announces a Summary of the Fall 2025 Drill Program at the Wedge Mine and Announces a 10,000m Spring Drill Program

Drill Results Corporate Updates

Nine Mile Metals Announces a Summary of the

Fall 2025 Drill Program at the Wedge Mine and

Announces a 10,000m Spring Drill Program

Toronto, Ontario--(Newsfile Corp. - May 5, 2026) -

NINE MILE METALS LTD.

(

CSE: NINE

) (

OTC

Pink: VMSXF

) (

FSE: KQ9

) (the "

Company

" or "

Nine Mile

"), is pleased to provide a summary of the

Fall 2025 drill program, the certified results for drill holes WD-25-04 and WD-25-05 and announcing a

10,000m Drill Program update for the Wedge Mine and Tribag - West Wedge Targets, including Target

#6 at California Lake East, situated in the renowned Bathurst Mining Camp, New Brunswick (BMC).

The Wedge Mine 2025 Fall Drill Program, completed December 19th, consisted of (5) drill holes

collared in the southwestern portion of the Wedge Mine successfully intersecting VMS (Cu, Pb, Zn,

Au, Ag) mineralization with (2) additional holes drilled to depth from the northwest to facilitate

BHEM surveying for a total of 1,654 meters. (Figure 1)

Summary of Drill Program Certified Labs Assays displayed in (Table #1).

DDH-WD-25-01, DDH-

WD-25-02,

DDH-WD-25-02A, DDH-WD-25-04, DDH-WD-25-05.

Intersected a "New" Copper Rich VMS Lens at the base of drill hole WD-25-2B within a section of

ground and broken core, resulting in terminating the hole in mineralization due to water loss

downhole.

This high-grade Cu rich Lens confirms the extension of the mineralization to the west and will be

drilled in the upcoming Phase 3 Program next month, from a different angle to avoid the adjacent

fault structure and hit the deeper part of this Cu rich Lens.

In addition to successfully intersecting Cu bearing VMS mineralization in all (5) targeted drill holes,

significant Ag and Au mineralization was uncovered, as seen in drill holes WD-25-01, WD-25-02

and WD-25-2B, with the best intersection in WD-25-02, intersecting (22.5 meters.) assaying 61.57

g/t Ag and 1.01 g/t Au, respectively.

(Figure 1) is a plan view highlighting the location of key drill holes in the southwest, the (2) BHEM

drill holes collared in the northwest

and the highlights from the Phase 1 drilling in the east.

BHEM surveying is scheduled for the Wedge to identify and expand the targeting of mineralization

to both the west and at depth.

New Brunswick Team onsite in Bathurst in preparation for our upcoming Drill Program.

Mike Dufresne, President Apex Geoscience, and our Technical Team will be on-site end of May

for the Launch of our Phase #3 Drill Program , targeting the West Wedge Mine Area and the Newly

Identified Copper Rich Lens. Our 10,000m Drill Program will also include the TriBag - West

Wedge and California Lake East Target #6.

Necessary Permitting has been received, 3D Target Modelling Completed,

Drill Targets Identified.

Table 1: Assay Summary, Drill Holes WD-25-01, WD-25-02, WD-25-2B, WD-W5-04 and WD-25-05

WD-25-01

From

To

Width

Ag

Au

Cu

Pb

Zn

Cu Eq

(m.)

(m.)

(m.)

g/t

g/t

%

%

%

%

Overall

156.05

178.70

22.65

39.52

0.96

0.99

2.25

1.61

3.83*

Includes

161.05

178.70

17.65

42.50

1.01

1.20

2.62

2.05

4.33*

160.05

173.05

13.00

50.33

1.21

0.39

3.23

2.45

4.14*

WD-25-02

Overall

138.72

170.82

32.10

14.09

0.35

1.53

0.47

1.81

2.78*

Horizon 1

138.72

141.22

2.50

61.57

1.01

3.09

1.02

4.88

6.95*

Horizon 2

150.30

165.32

15.02

11.00

0.40

2.14

0.52

1.00

3.19*

Includes

159.30

170.82

11.52

17.00

0.43

3.20

0.48

2.48

4.78*

159.30

165.32

6.02

12.50

0.42

4.63

0.27

0.79

5.64*

Horizon 3

168.00

170.82

2.82

36.65

0.72

2.91

0.96

7.13

6.49*

WD-25-2B

Upper Zone

56.00

62.00

6.00

45.50

0.45

0.80

1.48

2.66

3.20*

Lower Zone

107.00

122.00

15.00

7.47

0.21

2.36

0.35

1.29

3.17*

Includes

115.16

122.00

6.84

14.50

0.34

4.47

0.75

2.58

5.99*

WD-25-04

Upper Zone

158.35

165.75

7.40

5.60

0.15

0.51

0.02

0.07

0.81

Lower Zone

184.75

198.75

14.00

1.50

0.08

1.11

0.06

0.04

1.25

Includes

184.75

194.75

10.00

1.70

0.09

1.35

0.08

0.04

1.51

WD-25-05

Overall

155.52

164.80

9.28

11.07

0.12

1.28

0.13

0.18

1.69

Includes

155.52

161.80

6.28

15.89

0.16

1.78

0.19

0.24

2.35

Lower Zone

187.80

192.80

5.00

1.20

0.07

0.51

0.04

0.01

0.62

* As reported in previous press releases.

Copper Equivalent (Cu-Eq) intervals in WD-25-04 and WD-25-05 were calculated based on May 1, 2026, Kitco pricing.

Figure 1: Plan View, Phase 1 and Phase 2 Drilling, BHEM Collars

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/7335/295910_5be5b4229483fbbc_002full.jpg

Drill Holes WD-25-04 and WD-25-05

DDH WD-25-04

was collared on the same pad as WD-25-01 and drilled at an azimuth of 335

degrees and dip of -60 degrees to undercut the mineralization intersected in WD-25-01 (Figure 1).

Drilled to a depth of 239 meters, the drill hole intersected 2 zones of copper bearing sulphides

(VMS- Cu-Pb-Zn-Ag-Au) between 158.35

and 198.75 meters, the sulphide bands visible clearly

visible (Figure 1).

Between 161.75 and 183.00 meters, the drill hole intersected a sequence of sheared silicified

volcanics (rhyolite) with parallel bands of 5 - 8% sulphides including pyrite and chalcopyrite.

Figure 2 shows good correlation with the mineralization intersected in WD-25-01.

DDH WD-25-05

was collared on the same pad and drilled at an azimuth of 310 degrees ad a dip

of -60 degrees to a depth of 275 meters, intersecting 2 zones of mineralization between 155.52

and 192.80 meters.

Massive VMS (Cu-Pb-Zn-Ag-Au) was intersected between 155.52 and 157.80 meters with 40

meters of silicified felsic volcanics as above continuing to 197.80 meters, the hole terminating in a

sequence of sediments (Figure 3).

Sample sections were of true width.

Note:

Drill holes WD-25-04 and WD-25-05 both intersected the siliceous volcanics that

characterize the mineralized unit in the southwest. Modeling will determine where the

mineralization is situated within the larger system.

Figure 2: Cross Section, Drill Holes WD-25-01, WD-25-04 and WD-25-05, Geology, Cu and Zn

assays.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/7335/295910_5be5b4229483fbbc_003full.jpg

Figure 3: Drill Holes WD-25-02B, WD-25-02 and WD-25-05, Geology, Cu and Zn assays.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/7335/295910_5be5b4229483fbbc_004full.jpg

Gary Lohman, P.Geo, VP Exploration, Director stated, "The Wedge Mine Southwest Phase 2

drill program was highly successful, intersecting copper mineralization in all drill holes and

discovered a new High-Grade Copper Zone. It also intersected substantial Au & Ag zones.

When drilling a deposit, all holes are important due to the distribution and variation of

mineralization within the system. Each drillhole tells a piece of the puzzle and paints the deposit

picture. The success of this drill program has enabled our Technical Team to 3D model all Drill

holes that intersected in the previous Wedge Eastern Extension new zone, the newly completed

Southwest Zones and all the historical Cominco Drill data, into a living 3D model. This helps

define the remaining deposit area and forecast the new drill areas to target the new Copper Rich

Lens and the entire western extension of the deposit. We have received all necessary drill

permits and target definition. The BHEM surveys will be the 1

st

2 holes address in this next Drill

Program slated for 1

st

week of June."

Patrick J. Cruickshank, MBA, CEO & Director, stated, "We are looking forward to announcing

our 10,000-meter drill Wprogram at the Wedge Mine, Tribag and West Wedge, including Target #6

at California Lake East. Due to the late snowfall this past spring, the government has extended

the heavy equipment ban on the BMC roads until the last week of May. The permits are in hand,

targets defined, and Rigs ordered and committed. This year will be a very busy drill season for

us at Nine Mile Metals."

Analysis and QAQC

All samples were submitted to and analyzed at ALS Canada Ltd. (ALS), an independent commercial

laboratory for both the sample preparation and assaying. ALS is a commercial laboratory independent

of Nine Mile Metals Ltd. Samples submitted through ALS are run through standard preparation methods

and analysed using Code ME-ICP61A which is a high-grade four acid digestion and ICP+AES analysis.

Gold analysis is done by standard fire assay (Au-AA23) using a 30-gram sample. Overlimit assays are

done by gravimetric analysis (Au-GRA21). ALS undertakes their own QA/AC protocols including coarse

and pulp duplicate analysis to ensure proper sample preparation and equipment calibration.

Nine Mile's QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the

sample stream with a stringent review of all results. QAQC and data validation was performed, and no

material errors were observed.

Copper Equivalent (Cu-Eq) for

hole samples in WD-25-04 and WD-25-05 were calculated based on

May 1, 2026, pricing: US$ 5.86/lb Cu, US$ 0.88.00/lb Pb, US$ 1.51/lb Zn, US$ 75.22/oz Ag, and US$

4,,613.40/oz Au, with 80% metallurgical recoveries assumed for all metals. Since it is unclear which

metals will be the principal products, assuming different recoveries is premature at this stage.

Therefore, an 80% recovery rate is justified.

The disclosure of technical information in this news release has been prepared in accordance with

Canadian regulatory requirements as set out in National Instrument 43-101 - Standards of Disclosure for

Mineral Projects ("NI 43-101") and reviewed and approved by Gary Lohman, B.Sc., PGO., VP

Exploration and Director who acts as the Company's Qualified Person, and is not independent of the

Company.

About Nine Mile Metals Ltd.:

Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn,

Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The

Company's primary business objective is to explore its four VMS Projects: Wedge VMS Project, Nine

Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East - West) VMS

Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV

and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

Social Media

X:

@NineMileMetals

LinkedIn:

Nine Mile Metals

Facebook:

@ Nine Mile Metals

ON BEHALF OF NINE MILE METALS LTD.

"Patrick J Cruickshank, MBA"

CEO and Director

T: +1.506-804-6117

E:

[email protected]

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine

Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you

can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek," "anticipate," "believe,"

"estimate," "predict," "potential," "continue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or

similar expressions. . Forward-looking statements in this press release include that (a)

prior to commencing the 2023 exploration drill program, the

ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values , (b) the Ag and Au

values will be reported upon receipt of the certified assay results from ALS Global, and (c) our current financial raise will enable us to drill the

Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as

opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are

reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to

be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of

the contents of this release.

_______________________________________________________________________________

_____

_____

_

Nine Mile Metals Ltd., 82 Richmond Street East, Toronto, ON M5C 1P1

www.ninemilemetals.com

(506) 804-6117

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/295910